Table of Contents

List of figures; List of tables; Preface; List of symbols; 1. Introduction; Part I. Monetary Standards: 2. The various monetary standards; 3. American monetary standard; 4. British monetary standard; Part II. Exchange Rate: 5. Parity; 6. Exchange-rate data; 7. Exchange-market integration; Part III. Gold Points: 8. Gold points: theory and practice; 9. Gold-point estimates; Part IV. External and Internal Integration: 10. External integration; 11. Internal integration; Part V. Market Efficiency: 12. Theory of market efficiency; 13. Empirical testing of market efficiency; Part VI. Regime Efficiency; 14. Market forces; 15. Policy variables; 16. Net outcome; Part VII. Conclusions: 17. Summary and conclusions; Notes; References; Index.

Promotional Information

This book investigates US-UK monetary relations, 1791 to 1931.

Reviews

'Students of Dollar-Sterling exchange rates will find this book to be a superb US-British financial history of the period 1791-1931 as well as an original statistical and analytic study of how the gold standard worked.' Anna J. Schwartz, National Bureau of Economic Research '... the book is a beautiful example of the best kind of analysis of market micro-structure, and deserves to be on the shelves of any serious student of the history of the dollar-sterling exchange rate.' The Economic Journal